The two companies will form a 50:50 joint venture, which Liberty Global and Telefonica hopes will become an internet and mobile powerhouse as demand for super-fast broadband grows and 5G rolls out across the UK.
The combined companies will have 46M video, broadband and mobile subscribers in the UK, while their joint revenue is worth £11B. The merger will create savings of £6.2B, mainly from reducing capital expenditure.
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Liberty Global, Telefonica agree $38 billion merger of UK businessesThe British businesses of Liberty Global Plc and Telefonica SA will merge to create a major new player in UK mobile and broadband communications in a deal valued at around 31 billion pounds ($38 billion) including debt. Thanks God. Tired of getting it from two sides.
Source: Reuters - 🏆 2. / 97 Read more »
Liberty Global, Telefonica agree $38 billion merger of UK businessesThe British businesses of Liberty Global Plc and Telefonica SA will merge to create a major new player in UK mobile and broadband communications in a deal valued at around 31 billion pounds ($38 billion) including debt. Thanks God. Tired of getting it from two sides.
Source: Reuters - 🏆 2. / 97 Read more »